Bain Capital Specialty Finance (NYSE:BCSF) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Bain Capital Specialty Finance has been upgraded to a "strong-buy" rating from Zacks Research, indicating increased analyst confidence in the stock's performance.
• Wells Fargo reduced its price target for Bain Capital Specialty Finance from $19.00 to $16.00, while still maintaining an "overweight" rating on the stock.
• The company's recent earnings results showed $0.47 earnings per share, exceeding analysts' expectations and reflecting a strong net margin of 37.90%.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Wells Fargo & Company dropped their price objective on Bain Capital Specialty Finance from $19.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $16.50.

Bain Capital Specialty Finance Stock Down 0.5%

Bain Capital Specialty Finance stock traded down $0.07 during midday trading on Tuesday, hitting $15.40. 227,401 shares of the stock were exchanged, compared to its average volume of 291,441. Bain Capital Specialty Finance has a 1 year low of $13.20 and a 1 year high of $19.21. The firm has a market cap of $998.98 million, a P/E ratio of 9.28 and a beta of 0.83. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.63 and a quick ratio of 3.63. The company has a 50 day moving average price of $15.15 and a two-hundred day moving average price of $15.83.

Bain Capital Specialty Finance (NYSE:BCSF - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. Bain Capital Specialty Finance had a net margin of 37.90% and a return on equity of 11.41%. The firm had revenue of $70.97 million during the quarter, compared to analyst estimates of $67.88 million. On average, sell-side analysts predict that Bain Capital Specialty Finance will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of Bain Capital Specialty Finance

Institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in Bain Capital Specialty Finance by 11.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 54,548 shares of the company's stock valued at $906,000 after purchasing an additional 5,618 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Bain Capital Specialty Finance by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 346,923 shares of the company's stock valued at $5,759,000 after purchasing an additional 17,050 shares during the last quarter. Invesco Ltd. raised its stake in Bain Capital Specialty Finance by 25.2% during the 4th quarter. Invesco Ltd. now owns 75,536 shares of the company's stock valued at $1,323,000 after purchasing an additional 15,185 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bain Capital Specialty Finance during the fourth quarter valued at approximately $1,482,000. Finally, Comerica Bank raised its stake in shares of Bain Capital Specialty Finance by 8.2% in the fourth quarter. Comerica Bank now owns 17,029 shares of the company's stock valued at $298,000 after purchasing an additional 1,292 shares in the last quarter.

Bain Capital Specialty Finance Company Profile

Bain Capital Specialty Finance, Inc is business development company specializing in direct loans to middle-market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt.